Acorn Montessori School Inc
- Assets
- $3.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Lebanon, NJ
- Founding
- Data as of
- 06/2022
- EIN
- 22-2553331
Organization Overview
Acorn Montessori School Inc is located in Lebanon, NJ. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Acorn Montessori School Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acorn Montessori School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Acorn Montessori School Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ENRICHING MONTESSORI-BASED EDUCATION THAT FOSTERS THE CHILD'S INNATE LOVE OF LEARNING, CREATIVITY AND WONDER. TO CULTIVATE DYNAMIC PARTNERSHIPS BETWEEN FAMILY, SCHOOL AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY, PRIMARY AND TODDLER EDUCATIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Brisby Member | Trustee | 0 | $0 |
Philip Donchevich Member | Trustee | 0 | $0 |
Derek Ferguson Member | Trustee | 0 | $0 |
Allison Roberts Legal Advisory | Trustee | 0 | $0 |
William Taylor Board Chair | OfficerTrustee | 0 | $0 |
Andrew Tomlinson Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,074 |
| Related organizations | $0 |
| Government grants | $320,979 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,972 |
| Total Program Service Revenue | $1,626,859 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $850 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,422 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,030,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,491 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $846,570 |
| Pension plan accruals and contributions | $27,709 |
| Other employee benefits | $0 |
| Payroll taxes | $72,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,923 |
| Advertising and promotion | $13,409 |
| Office expenses | $33,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,030 |
| Insurance | $44,533 |
| All other expenses | $12,068 |
| Total functional expenses | $1,441,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,266,667 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,835,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,909 |
| Total assets | $3,133,794 |
| Accounts payable and accrued expenses | $21,879 |
| Grants payable | $0 |
| Deferred revenue | $816,819 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $313,633 |
| Secured mortgages and notes payable | $1,031,519 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $5 |
| Total liabilities | $2,333,755 |
| Net assets without donor restrictions | $800,039 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,133,794 |